Steamboat Capital Partners LLC Decreases Position in ACM Research, Inc. $ACMR

Steamboat Capital Partners LLC reduced its holdings in shares of ACM Research, Inc. (NASDAQ:ACMR) by 18.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 182,773 shares of the specialty retailer’s stock after selling 40,618 shares during the quarter. ACM Research accounts for about 5.0% of Steamboat Capital Partners LLC’s holdings, making the stock its biggest holding. Steamboat Capital Partners LLC owned approximately 0.28% of ACM Research worth $23,192,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Hantz Financial Services Inc. grew its stake in shares of ACM Research by 266.7% during the fourth quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock worth $26,000 after buying an additional 480 shares during the last quarter. Leonteq Securities AG acquired a new stake in shares of ACM Research during the 4th quarter valued at $28,000. Harbor Investment Advisory LLC boosted its holdings in shares of ACM Research by 195.2% during the 2nd quarter. Harbor Investment Advisory LLC now owns 738 shares of the specialty retailer’s stock valued at $94,000 after acquiring an additional 488 shares in the last quarter. NewEdge Advisors LLC grew its position in ACM Research by 381.0% during the 1st quarter. NewEdge Advisors LLC now owns 1,087 shares of the specialty retailer’s stock worth $43,000 after acquiring an additional 861 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in ACM Research by 656.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock worth $33,000 after acquiring an additional 1,122 shares during the last quarter. 66.75% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at ACM Research

In other news, Director Haiping Dun sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $81.13, for a total value of $405,650.00. Following the completion of the sale, the director directly owned 5,000 shares of the company’s stock, valued at $405,650. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 24.36% of the stock is owned by corporate insiders.

ACM Research Trading Up 3.3%

Shares of ACMR stock opened at $76.91 on Wednesday. The company has a market cap of $4.97 billion, a P/E ratio of 36.62 and a beta of 1.96. The stock has a 50 day simple moving average of $83.82 and a two-hundred day simple moving average of $71.52. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.66 and a current ratio of 3.66. ACM Research, Inc. has a fifty-two week low of $26.44 and a fifty-two week high of $127.19.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings results on Friday, August 7th. The specialty retailer reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.19. The firm had revenue of $292.92 million for the quarter, compared to analysts’ expectations of $269.28 million. ACM Research had a return on equity of 4.08% and a net margin of 14.48%.The company’s revenue for the quarter was up 36.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.54 EPS. Research analysts forecast that ACM Research, Inc. will post 1.68 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Craig Hallum restated a “buy” rating and set a $100.00 price target on shares of ACM Research in a report on Monday, August 10th. Roth Capital set a $125.00 target price on shares of ACM Research and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Morgan Stanley reissued an “overweight” rating and set a $130.00 target price (up from $90.00) on shares of ACM Research in a report on Tuesday, June 23rd. Daiwa Securities Group initiated coverage on shares of ACM Research in a research report on Wednesday, August 26th. They issued a “buy” rating and a $136.00 price target for the company. Finally, Weiss Ratings raised shares of ACM Research from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $122.75.

ACM Research Company Profile

ACM Research, Inc (NASDAQ:ACMR) designs, develops and markets wet processing equipment for the semiconductor industry. The company focuses on advanced wafer cleaning technologies that address critical contamination-control requirements for logic, memory and advanced packaging applications. Since its founding in 2003, ACM Research has engineered modular platform tools that can be configured for a range of spin, scrub and batch cleaning processes.

Its product portfolio encompasses single-wafer spin cleaning systems featuring high-purity megasonic capabilities, dynamic chemical scrubbing modules for post-CMP residue removal and batch-process cleaning equipment designed for high-throughput production environments.